Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect.
The federal government’s latest fiscal monitor report, published late last week, shows revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier.
In March the federal government slapped retaliatory tariffs on billions of dollars in U.S. goods entering Canada—costs that are paid by Canadian businesses importing the items.
The Liberal party projected during the recent federal election campaign that counter-tariffs against the United States would raise an estimated $20 billion over 12 months….